Senior Model Risk Validation Director-Fraud Models
Senior Model Risk Validation Director-Fraud Models
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Job Description
Location:
127 Public Square - Cleveland Ohio 44114Senior Model Validation Director-Fraud
The Senior Model Validation Director is responsible for supporting the execution of best-practice model validation activities to ensure models across Key are conceptually sound relative to their intended use and performing appropriately.
The Senior Model Validation Director reports to the Chief Model Risk Officer which reports to the Chief Risk Officer within Risk Management.
Principal Accountabilities
Lead validation staff focused on understanding and challenging the conceptual framework and assumptions of mostly fraud models perform independent testing identify model limitations and identify model problems that need to be remediated.
Conduct robust and comprehensive model validation testing in line with internal standards and regulatory expectations. Includes examining written model documentation holding discussions with model developers partnering with LOB users and other areas of Risk Management and collecting data assumptions and code that are used in the models.
Supervise the creation of detailed reports stating conclusions of the model validation and present findings and recommendations to senior leaders. Work with model owners to see that model deficits are remediated in a timely manner.
Contribute to the improvement of validation processes by identifying opportunities for process standardization and developing a framework for automation
Participate in various bank risk committees where models and their use assumptions and output are discussed.
Contribute to expanding the level of influence of Model Risk by partnering effectively across silos
Minimum Requirements
Graduate Degree in Mathematics Statistics Computational Finance Economics Engineering or related field. Ph.D. is preferred although a Masters degree may suffice for candidates with sound experience.
Experience in model risk management focused on FRAUD Models Consumer Scoring Fair Lending and Marketing models and the application of SR 11-7.
-A minimum of 10 years modeling/validation experience with some of the years in a supervisory/Director level role.
Extensive expertise in Fraud Models required
Knowledge of supervised and unsupervised machine learning methodologies such as GBM XGBoost and natural language processing (NLP)
Experience with Cloud providers (Azure GCP and/or AWS)
Working knowledge of Python R Conda Spark PySpark SparkSQL MLlib etc.
Strong interpersonal and communication skills. Must be able to explain technical concepts and analysis implications clearly to a wide and senior audience including regulatory bodies and external auditors
Flexible and able to manage through uncertainty open to new ideas
Ability to attract retain inspire and grow leaders of diverse backgrounds
Demonstrated project management skills and the ability to work on multiple projects on a concurrent basis and be able to meet deadlines.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $190000 to $240000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Job Posting Expiration Date: 07/26/2025 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or veteran status.Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing
Required Experience:
Director
Employment Type
Full-Time
